Power Minerals Hits Highest-Grade Ore at Brazil's Santa Anna Project

[Pr-Nd and Dysprosium-Terbium Pull Back Across the Board, Metals Follow Lower with Stagnant Deals, Magnetic Material Long-Term Contracts Crowd Out Spot Orders] Yesterday, Pr-Nd oxide was pressured by weaker futures prices, with market wait-and-see sentiment rising. Suppliers' willingness to hold prices firm showed signs of easing, and quotes saw a slight correction. Downstream inquiries and purchases remained cautious, with actual transactions limited. Dysprosium oxide prices pulled back from highs, as downstream acceptance of high-priced supply was insufficient and inquiry activity declined, while suppliers showed a stronger willingness to sell at concessions. Terbium oxide prices also pulled back, with downstream purchasing cautious and overall market trading sentiment subdued.

Foreign media reported on August 31 that listed enterprise Mont Royal Resources signed a joint research agreement with US-based Alta Resource Technologies to evaluate the technical pathway for processing mixed rare earth carbonate produced from the Ashram project in Quebec into separated high-purity rare earth oxides. The two parties will assess the feasibility of building a commercial refining facility, and the agreement is Step-1 toward a potential joint venture to support the long-term production of rare earth oxides for permanent magnets and high-tech applications in North America.

Defense Metals (TSXV: DEFN) has achieved results from its resource conversion drilling at the Wicheeda rare earth project in British Columbia, with the strongest intercept being 65 meters thick and a total rare earth oxide (TREO) grade of approximately 3%.